AMP Capital Investors Ltd lifted its stake in Extra Space Storage, Inc. (NYSE:EXR) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,212 shares of the real estate investment trust’s stock after buying an additional 11,983 shares during the period. AMP Capital Investors Ltd owned approximately 0.10% of Extra Space Storage worth $11,473,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new position in shares of Extra Space Storage in the 3rd quarter valued at $103,000. Janney Montgomery Scott LLC purchased a new position in shares of Extra Space Storage in the 3rd quarter valued at $200,000. Conning Inc. purchased a new position in shares of Extra Space Storage in the 4th quarter valued at $202,000. Mackenzie Financial Corp purchased a new position in shares of Extra Space Storage in the 3rd quarter valued at $237,000. Finally, Commonwealth Equity Services Inc purchased a new position in shares of Extra Space Storage in the 3rd quarter valued at $245,000.
Shares of Extra Space Storage, Inc. (NYSE:EXR) opened at $87.91 on Wednesday. Extra Space Storage, Inc. has a 52 week low of $71.34 and a 52 week high of $88.56. The company has a market cap of $11,080.00, a price-to-earnings ratio of 23.95, a PEG ratio of 3.37 and a beta of 0.25. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.67.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, March 14th. Extra Space Storage’s dividend payout ratio (DPR) is presently 85.01%.
A number of research analysts recently commented on the stock. Cantor Fitzgerald set a $86.00 target price on shares of Extra Space Storage and gave the company a “hold” rating in a research report on Thursday, March 8th. Jefferies Group set a $92.00 target price on shares of Extra Space Storage and gave the company a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research raised shares of Extra Space Storage from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, March 6th. BMO Capital Markets set a $78.00 price target on shares of Extra Space Storage and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Finally, Morgan Stanley upgraded shares of Extra Space Storage from an “underweight” rating to an “equal weight” rating and set a $83.00 price target for the company in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.92.
In other news, insider Kenneth M. Woolley sold 2,195 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $86.44, for a total value of $189,735.80. Following the completion of the sale, the insider now owns 807,444 shares in the company, valued at approximately $69,795,459.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Overturf sold 1,300 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $86.26, for a total transaction of $112,138.00. Following the completion of the sale, the executive vice president now owns 81,075 shares of the company’s stock, valued at approximately $6,993,529.50. The disclosure for this sale can be found here. Insiders sold a total of 53,470 shares of company stock valued at $4,632,976 in the last 90 days. Company insiders own 3.72% of the company’s stock.
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Extra Space Storage Company Profile
Extra Space Storage Inc is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development.
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